DNB Bank ASA

Capital/Financing Update • Dec 12, 2019

Comment on systemic risk buffer update

Comment on systemic risk buffer update

On 11 December, the Norwegian Ministry of Finance announced amendments to the

capital requirements for Norwegian banks that will be implemented 31 December

2020. Compared with the consultation paper, the systemic risk buffer has been

changed for countries outside the European Economic Area. For countries that do

not have systemic risk buffer requirements, the rate is set to zero instead of

previously proposed Norwegian buffer rate. Based on DNB's portfolio as at the

third quarter of 2019, the effective systemic risk buffer requirement will be

approximately 3.1 per cent compared with the previous estimate of 3.9 per cent.

The Ministry of Finance has stated that the purpose of the amendment is to

maintain the solidity of Norwegian banks following the implementation of the EU

legislation (CRR/CRD IV) on 31 December 2019. The Ministry of Finance has, in

this regard, asked Finanstilsynet (the Financial Supervisory Authority of

Norway) to review the connection between Pillar 1 and Pillar 2, including the

Pillar 2 guidance. Based on this, DNB will for now not make any changes to the

previously communicated capital target of 17.9 per cent (CET1).

For further information, please contact:

Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977

13 250

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.